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Dec 22, 2012
12/12
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competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it has put a lower ceiling than normal on what we can spend for the holidays, our expenditures for our home, our plans for next year, with trips we may or may not go on. >> but the budget control act leading to the fiscal cliff is about more than just tax hikes. automatic public spending cuts would also take effect, primarily in the defense budget, which could have huge repercussions for the massive u.s. defense industry. and there's more -- investment in the country's aging infrastructure would also have to be cut back. some experts say it would mean the u.s. gross domestic product would shrink by at around 3
competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it...
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Dec 10, 2012
12/12
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KCSMMHZ
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u.s. is shifting back from the bush administration to obama. i think the same is true for the european union. >> your assessment has been pretty upbeat so far. i want to put this to you. at the top of the show, we said this is a day of celebration for the eu. no doubt about that. it also indicates it might be a day of celebration for the people of the eu, but i see no signs of those citizens cracky -- cracking open the champagne bottles today. >> it is unfortunate. we should see youngsters out there. we should see the you celebrating. i agree that it is unfortunate that we are not even able to celebrate what we have been living and experiencing for 60 years, which is prosperity and peace for everybody. i can berkeley understand that the current crisis destroys this -- i can understand that the current crisis destroys this. looking back, my family, many other families -- people had nothing to eat. they were freezing in the cold. just that should make it worth thinking back and open the bott
u.s. is shifting back from the bush administration to obama. i think the same is true for the european union. >> your assessment has been pretty upbeat so far. i want to put this to you. at the top of the show, we said this is a day of celebration for the eu. no doubt about that. it also indicates it might be a day of celebration for the people of the eu, but i see no signs of those citizens cracky -- cracking open the champagne bottles today. >> it is unfortunate. we should see...
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Dec 13, 2012
12/12
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KCSMMHZ
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looking at the u.s. economy, the fed thinks that the unemployment rate will stay very high next year. >> let's take a quick look at some market numbers. the dax closed at 7569. the euro stoxx 50 ended the day just a tad down. the dow jones is currently going down over 1/2 of 1%. >> hong fighting broke out in the ukrainian parliament -- fighting broke out -- >> fighting broke out in the ukrainian parliament. >> there are claims the governing coalition broke parliamentary rules by trying to force through the both. after the disruption, parliament elected a government-backed candidate to lead it. >> gentlemen, behave. >> japan is facing a new general election. >> more on that in a few minutes. first, these other stories making news. japan has accused china of violating its airspace after a chinese government plane was spotted over a group of disputed islands in the east china sea. japan this past fighter jets and launched an official complaint with -- japan dispatched fighter jets and launched an official c
looking at the u.s. economy, the fed thinks that the unemployment rate will stay very high next year. >> let's take a quick look at some market numbers. the dax closed at 7569. the euro stoxx 50 ended the day just a tad down. the dow jones is currently going down over 1/2 of 1%. >> hong fighting broke out in the ukrainian parliament -- fighting broke out -- >> fighting broke out in the ukrainian parliament. >> there are claims the governing coalition broke parliamentary...
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Dec 27, 2012
12/12
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KCSMMHZ
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she did not take the lead as much as obama and the u.s. had hoped, but she has gotten better. >> there is this a dominant role, and we do not have much of a say, even though since spring, our president, unlike his predecessor, sarkozy, has tried to stand up to the german chancellor more. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its place, the southern european countries were going to build up a counterbalance, but that has not really been borne out. especially since hollande never followed through with his drive to renegotiate the fiscal pact. that did not happen. >> for germany, that meant sticking to the status quo. chancellor merkel met with the greek prime minister in october. she made it clear that austerity remains the number one priority, but her message is not popular with the greek people. >> i know that these reforms demand a lot from people in those countries that are especially har
she did not take the lead as much as obama and the u.s. had hoped, but she has gotten better. >> there is this a dominant role, and we do not have much of a say, even though since spring, our president, unlike his predecessor, sarkozy, has tried to stand up to the german chancellor more. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its...
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Dec 20, 2012
12/12
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KCSM
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. >> an official inquiry to the deadly attack on the u.s. consulate in libya has found security was grossly inadequate. >> the attack in september killed the u.s. ambassador and three other americans. the report has blamed systemic failures and leadership deficiencies at the state department. the secretary of state says she will adopt all of the recommendations. >> the inquiry also found that americans had no warning of the attack and little knowledge of the threat posed by local militia. >> funerals will be held today for six victims of the newtown school massacre, including the school principal. >> the incident has once again put the spotlight on gun control in america and the country's powerful gun lobby. the national rifle association has spoken out for the first time since the massacre. >> americans exercising their right to bear arms in the state of virginia, part of their constitutional guarantee to self-defense, but the deaths in connecticut have revived the debate about what kinds of weapons are needed for self- defense. many now wa
. >> an official inquiry to the deadly attack on the u.s. consulate in libya has found security was grossly inadequate. >> the attack in september killed the u.s. ambassador and three other americans. the report has blamed systemic failures and leadership deficiencies at the state department. the secretary of state says she will adopt all of the recommendations. >> the inquiry also found that americans had no warning of the attack and little knowledge of the threat posed by...
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Dec 29, 2012
12/12
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KCSM
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eye 106
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since his death, relations beween the u.s. and russia have increasingly soured, culminating in the adoption van --over 700,n children will suffer from the band. they are often raised in orphanages. for most of the children so far adopted by americans, it was the chance of their lives, but the legislators who support the law defended their decision. >> yes, this may be a step towards cold war, but this is about respect for our country. >> the bill also bans political organizations that receive funding from u.s. sources. human rights groups will be the worst affected. >> russia's foreign minister says moscow has invited the main syrian opposition coalition to talks. >> meeting with his egyptian counterpart, the russian foreign minister called on the syrian opposition to meet with the syrian president's government to end the 20-month civil war. the opposition says it will not negotiate with the assad government. this comes one day before the united nations special envoy is expected in moscow. >> the condition of an indian medical
since his death, relations beween the u.s. and russia have increasingly soured, culminating in the adoption van --over 700,n children will suffer from the band. they are often raised in orphanages. for most of the children so far adopted by americans, it was the chance of their lives, but the legislators who support the law defended their decision. >> yes, this may be a step towards cold war, but this is about respect for our country. >> the bill also bans political organizations...
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Dec 28, 2012
12/12
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KCSM
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eye 163
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u.s. budget crisis. >> the annual chaos computer club conference gets under way in hamburg with organizers warning that government internet surveillance is a growing threat. the international convoy for syria made a proposal in damascus where he is delivering talks. >> he will also be holding discussions in moscow as russia steps up its role in helping to find a political resolution to the conflict. the russian parliament says time is running out for damascus. >> it was a high-level meeting between syrian diplomats and the russian foreign minister. he made moscow's line clear -- the crisis has to be solved through political dialogue between the warring parties, but there was no mention of any new proposals to bring about that objective. the foreign ministry denied reports of a new peace plan from russia and the u.s. >> this plan does not exist. that is why it is not being discussed. with mr. brahimi and our american colleagues, we are trying to find a solution on the basis of the peace pla
u.s. budget crisis. >> the annual chaos computer club conference gets under way in hamburg with organizers warning that government internet surveillance is a growing threat. the international convoy for syria made a proposal in damascus where he is delivering talks. >> he will also be holding discussions in moscow as russia steps up its role in helping to find a political resolution to the conflict. the russian parliament says time is running out for damascus. >> it was a...
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Dec 4, 2012
12/12
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KCSM
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the u.s. and europe over israel's plan to build new settlements. >> the german government comes under fire for the alleged plan to sell tanks to saudi arabia's authoritarian rulers. >> happy birthday, sms. it is the 20th anniversary of the text message. >> israeli ambassadors have been summoned to various european capitals to face criticism over israel's plans to build homes in the west bank. the u.s. also slammed the mood as -- move as "especially damaging." >> israel's prime minister remains especially defiant. they announce the plans to build homes on friday in response to the plan to upgrade palestine to a non-member state. in the israeli ambassador -- >> israeli ambassador daniel taub. paris and berlin called in israeli envoys to express their opposition. they say that israel is sending an negative message in the midst of national -- international peace efforts. >> israel is undermining competency -- confidence. >> israel says it will build 3000 settler homes in eastern jerusalem and the
the u.s. and europe over israel's plan to build new settlements. >> the german government comes under fire for the alleged plan to sell tanks to saudi arabia's authoritarian rulers. >> happy birthday, sms. it is the 20th anniversary of the text message. >> israeli ambassadors have been summoned to various european capitals to face criticism over israel's plans to build homes in the west bank. the u.s. also slammed the mood as -- move as "especially damaging."...
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Dec 7, 2012
12/12
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KCSMMHZ
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the complaints were filed with u.s. regulators, including the securities and exchange commission. >> the three alleged deutsche bank miss valuable to $12 billion in losses during the years 2007 through 2009 at the height of the global financial crisis. deutsche bank says the accusations are wholly unfounded. work has started on a major natural gas pipeline that critics say will deepen europe's dependence on russian gas. president putin was on hand as they began digging for the south stream pipeline. >> to augment supplies already flowing into germany. europe already receives 40% of its natural gas from russia. german investment and technology will be playing a key role in the project. >> it is a victory for russian president vladimir putin. they looked on as the first segments were welded together in western siberia. it is three weeks since bulgaria gave the go-ahead for the project. the last transit country to do so. >> this project has the political support of all partner countries. all have signed the contracts and t
the complaints were filed with u.s. regulators, including the securities and exchange commission. >> the three alleged deutsche bank miss valuable to $12 billion in losses during the years 2007 through 2009 at the height of the global financial crisis. deutsche bank says the accusations are wholly unfounded. work has started on a major natural gas pipeline that critics say will deepen europe's dependence on russian gas. president putin was on hand as they began digging for the south...
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Dec 5, 2012
12/12
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KCSMMHZ
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u.s. secretary of state hillary clinton has called on the sides to settle their differences through dialogue. she warned that the government must deliver on the promises made during the revolution. >> ultimately, it is up to the egyptian people to chart their way forward. we want to see a process that is inclusive and a dialogue that is truly open to a free exchange of ideas that will further the democratic process in egypt. >> but six months after mohamed morsi took power, many egyptians are losing patience with their islamist leader. >> he should gather his papers and leave the palace. he is not qualified for his position, both him and his party. we had high hopes, but he is not up to the job. but these protesters -- >> these protesters reject the call to discuss changes to the draft constitution. they want the documents scrapped. there is a planned recommend him -- a planned referendum. >> the death toll from a typhoon that ravaged the philippines has risen. rescuers battling to reach s
u.s. secretary of state hillary clinton has called on the sides to settle their differences through dialogue. she warned that the government must deliver on the promises made during the revolution. >> ultimately, it is up to the egyptian people to chart their way forward. we want to see a process that is inclusive and a dialogue that is truly open to a free exchange of ideas that will further the democratic process in egypt. >> but six months after mohamed morsi took power, many...
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Dec 25, 2012
12/12
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KCSMMHZ
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the u.s. share is much smaller by comparison, as is russia's. rare earths prices have been diving, due to flagging demand. one of the biggest buyers of the elements was the solar industry, which is facing problems of its own. technology companies have been searching for substitutes. to reduce their dependence on chinese suppliers. >> well, it has certainly been a winter of extremes here in europe. temperatures have climbed to record highs in the west and plunged to bitter lows in the east. >> it has become one of the biggest -- the bitterest winters russia has seen. the severe cold snap has claimed the lives of well over 100 people with more than 1700 seeking treatment for exposure. >> the plows are making slow progress. road crews in eastern siberia are struggling to clear meters of snow. in many areas, travel is all but impossible. with extreme temperatures down to -60, people are staying indoors for their own safety, but even at home, they are having difficulties. >> we have nothing here, not even water. we have to melt snow from the garden.
the u.s. share is much smaller by comparison, as is russia's. rare earths prices have been diving, due to flagging demand. one of the biggest buyers of the elements was the solar industry, which is facing problems of its own. technology companies have been searching for substitutes. to reduce their dependence on chinese suppliers. >> well, it has certainly been a winter of extremes here in europe. temperatures have climbed to record highs in the west and plunged to bitter lows in the...
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Dec 20, 2012
12/12
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KCSMMHZ
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them putin also address u.s. criticism of moscow's security and human rights policies in response to news that a court had reduced the jail sentence of one of putin poses strongest critics. the president said that the case was not politically motivated, and he dismissed recent protests about his presidency. >> we do not need this anarchy. during the 1990's, this kind of anarchy give market economics and democracy a bad name in russia. people are still afraid of that today. >> the marathon press conference lasted four hours, but president putin had little to offer that was really new. >> it was a fighting performance by vladimir putin who likes to present himself as a faithful servant of the russian people, but there was a lack of fresh ideas and concrete answers. his words sounded a lot more like holding onto power than a new beginning for the good of russia. >> efforts to bail out ciphers are running into fresh obstacles. a german newspaper is reporting that the international monetary fund is not prepared to con
them putin also address u.s. criticism of moscow's security and human rights policies in response to news that a court had reduced the jail sentence of one of putin poses strongest critics. the president said that the case was not politically motivated, and he dismissed recent protests about his presidency. >> we do not need this anarchy. during the 1990's, this kind of anarchy give market economics and democracy a bad name in russia. people are still afraid of that today. >> the...
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Dec 9, 2012
12/12
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CSPAN
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however, the u.s. has found some armed groups that are, again, more moderate in their pronouncements and those may be the ones we ultimately are working with. host: you mentioned mustard gas. here is another comment from our viewer. guest: this is a very important question and there is credibility issues and skepticism given what happens with the weapons of mass destruction and the intelligence failure there. i think we are in a different situation in syria. this is hard intelligence. we are not talking about nukes, but it's important to remember the date used mustard gas and other agents against the kurdish people, so there is a precedence. host: you lived in syria under assaad's father. what was it like? guest: fear permeated the environment. it is known as a state in which the intelligence agencies permeated just about every aspect of people's daily lives. it was a situation and in which people were frightened to even mention the word politics let alone engage in politics. host: why did you decide t
however, the u.s. has found some armed groups that are, again, more moderate in their pronouncements and those may be the ones we ultimately are working with. host: you mentioned mustard gas. here is another comment from our viewer. guest: this is a very important question and there is credibility issues and skepticism given what happens with the weapons of mass destruction and the intelligence failure there. i think we are in a different situation in syria. this is hard intelligence. we are...
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Dec 13, 2012
12/12
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LINKTV
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in the meantime, the u.s. c.i.a. warns that "canada's paramount political problem continues "to be the relationship of the province of quebec, "with its french-speaking residents and unique culture, to the remainder of the country." captioned by media access group at wgbh access.wgbh.org annenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org.
in the meantime, the u.s. c.i.a. warns that "canada's paramount political problem continues "to be the relationship of the province of quebec, "with its french-speaking residents and unique culture, to the remainder of the country." captioned by media access group at wgbh access.wgbh.org annenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org.
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Dec 30, 2012
12/12
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WJLA
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meantime, the u.s. is set to reach the debt limit on monday. that according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investinor concer over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if the
meantime, the u.s. is set to reach the debt limit on monday. that according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind...
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Dec 16, 2012
12/12
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CSPAN
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the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfort and pray." national newspapers also diggi
the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882....
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Dec 19, 2012
12/12
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CSPAN
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even though the average u.s. factory workers still makes considerably more than the chinese worker, in absolute terms, it is less of a gap that has been in years. -- vana has been in years. when you factor in a higher level of sophistication and training that the chinese workers and u.s. workers have, as well as the benefits of having it based here and you can create these happy cycles of rapid productivity innovation, there is an increasing return on investment to u.s. workers, and a relatively declining one on chinese labor pipa -- chinese labor. host: let's go to richard on the republican line. caller: one thing that the president and congressional leaders have to recognize is that we are in a trade war and we are barely participating. i would favor donald trump's attitude or mitt romney's attitude. a little more aggressive stance on china. and getting our jobs back. i think they should be labeled a currency manipulator, things like that. we are not participating in this trade war. it is a trade war, and the i
even though the average u.s. factory workers still makes considerably more than the chinese worker, in absolute terms, it is less of a gap that has been in years. -- vana has been in years. when you factor in a higher level of sophistication and training that the chinese workers and u.s. workers have, as well as the benefits of having it based here and you can create these happy cycles of rapid productivity innovation, there is an increasing return on investment to u.s. workers, and a...
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Dec 6, 2012
12/12
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CSPAN
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they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank, duquesne the late paying your taxes. it is going to be considered active income. -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active and come and we should tax that money -- income and we should ta money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. open phones. if you like to have a comment about anything we discussed this morning, any public policy issue that you like to bring up, you can see the numbers on the screen/political affiliation. republicans, democrats, and independents. send your tweets and e-mials as mails as well. >> , 9:31 a.m.. jobless numbers in this hour so the numbers of people seeking aid dropped sharply last week. weekly applications
they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank, duquesne the late paying your taxes. it is going to be considered active income. -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active and come and we...
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90
Dec 26, 2012
12/12
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CSPAN
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the amount of aid the u.s. pays to egypt every year is only second to the amount of aid we give israel. so we are doing it again and again not only in afghanistan but elsewhere. it seems the system is so corrupt beyond repair. this current administration is not doing anything about the muslim brotherhood. in a way they are supporting their efforts to control egypt. egypt needs to be the biggest -- used to be the biggest u.s. ally in the middle east. the mubarak regime fell in about 30 days with no support from the u.s. whatsoever. absolutely no support. he was an ally 30 years. and we just let the regime does appear. we are finding their enemy, who happens to be also an u.s. enemy. the muslim brotherhood's highest eadership has announced it's opposition to the u.s. on many occasions. i'm not sure why this administration is not doing anything about it or why the media is not bringing this to the attention of the american citizens. guest: i confess, i don't have anything to add to what your caller said. it is a p
the amount of aid the u.s. pays to egypt every year is only second to the amount of aid we give israel. so we are doing it again and again not only in afghanistan but elsewhere. it seems the system is so corrupt beyond repair. this current administration is not doing anything about the muslim brotherhood. in a way they are supporting their efforts to control egypt. egypt needs to be the biggest -- used to be the biggest u.s. ally in the middle east. the mubarak regime fell in about 30 days with...
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Dec 13, 2012
12/12
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the u.s. house of representatives committee on foreign affairs will hold a hearing on thursday, december 20 on the benghazi attacke. secretary clinton will be testifying. c-span will cover this on thursday at 1:00 p.m. eastern time. c-span cameras will be there. front page of the national journal this morning -- on tuesday he delivered the gop talking points about the need for more spending cuts as part of any deal, while downplaying the role of raising income-tax rates on wealthier earners, which the white house trumpets often. boosting rates on the rich, he said, would provide enough money to run the government for eight days. that has nothing to do with spending, getting spending in line. other than performing requisite task, mitch mcconnell has not emerged as a huge presence in the ongoing fiscal cliff narrative. that is a change from past budget and tax deals where his finger prints were evident, a fact that could affect the final outcome or subtlety of the deal. that the national journal
the u.s. house of representatives committee on foreign affairs will hold a hearing on thursday, december 20 on the benghazi attacke. secretary clinton will be testifying. c-span will cover this on thursday at 1:00 p.m. eastern time. c-span cameras will be there. front page of the national journal this morning -- on tuesday he delivered the gop talking points about the need for more spending cuts as part of any deal, while downplaying the role of raising income-tax rates on wealthier earners,...
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Dec 29, 2012
12/12
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FOXNEWSW
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if the u.s. survives and we all survive it will be thanks to her. >> my people of the year is new york and new jersey and conduct during hurricane sandy. half of them without power, subways, no gas, scenes looked like out of the dresden fire bombing. civilization didn't fall away. there was no crime or violence and things will be look better not morning. it's a testament to resilience and grace under pressure. >> paul: my piss mis go to john roberts for his ruling that the affordable care act is constitutional. he agreed with the four conservatives that the law violated the commerce clause of the constitution which was the
if the u.s. survives and we all survive it will be thanks to her. >> my people of the year is new york and new jersey and conduct during hurricane sandy. half of them without power, subways, no gas, scenes looked like out of the dresden fire bombing. civilization didn't fall away. there was no crime or violence and things will be look better not morning. it's a testament to resilience and grace under pressure. >> paul: my piss mis go to john roberts for his ruling that the...
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Dec 30, 2012
12/12
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FOXNEWSW
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and you know, that's not just a u.s. story it's kind after north american story. >> paul: right. >> a ton of oil in canada, there's lots of the same geological formations in mexico, and so, you know, there's a lot of energy that can come up and, for example, the ceo of fluor, the largest construction company says there's at least 30 billion dollars of potential projects just around the u.s. gulf of mexico. >> paul: people are talking now and even by 2020 which isn't that far away we could be self-sufficient in terms of providing most of the oil, gas, we get domestically. what are the implications of this for the larger energy? not just for the energy economy, but for things like manufacturing and consumer prices? >> well, certainly, you know, obviously, residential heating, things like that would be more affordable and make us more competitive in manufacturing, but there's another angle that's also very interesting and that has to do with exports. we could actually become the lead are producer of energy for the emerging
and you know, that's not just a u.s. story it's kind after north american story. >> paul: right. >> a ton of oil in canada, there's lots of the same geological formations in mexico, and so, you know, there's a lot of energy that can come up and, for example, the ceo of fluor, the largest construction company says there's at least 30 billion dollars of potential projects just around the u.s. gulf of mexico. >> paul: people are talking now and even by 2020 which isn't that far...